News – USA – Copper game Caravel Minerals asks for new money


The Western Australian copper game Caravel Minerals is in the hands of investors looking for new means to conduct a pre-feasibility study flagship project

Caravel Minerals shares were halted on Monday morning while stockbroker Canaccord Genuity piqued interest in the increase

The deal was rated with a 135 percent discount until the very end and 48 percent discount on the 10-day VWAP, says the term sheet

It came when another copper game, KGL Resources, announced its own $ 23 $ 8 million raise on Monday morning

KGL raised $ 12 million in an institutional placement at 42 ¢ per share and was after an additional $ 11 8 million in a 1:13 issue of non-waivable rights at the same price

Two discoverers of small-cap resources went looking for cash injections on Monday morning – uranium game Lotus Resources and gold and iron ore hunter Legacy Iron

Afterpay’s Nick Molnar and Zip’s Larry Diamond reached into their pockets to seal the supercomer who closed a $ 25 million round of funding prior to going public

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News – USA – Copper game Caravel Minerals asks for fresh funds